Trina Solar (TSL) along with many of its competitors have been whacked on news that Germany will cut solar subsidies, but there is some good news to report out of Germany for Trina Solar this morning. The company has announced an agreement with ITEC for 40MW in solar modules to be delivered this year – 18MW in the first half. Prices have been agreed on for the first quarter and shipping has already begun.
Said … Read the rest
The time and place for Suntech Power’s (STP) first US solar panel manufacturing plant are now official. The company announced today from the AZ4Solar Symposium that the plant will open up in Goodyear, Arizona around September of this year with an initial capacity of 30MW, but expandable to 120MW to meet growing demand if necessary. The plant will employ more than 70 local residents and showcase the company’s latest and greatest solar manufacturing technology. Arizona … Read the rest
Canadian Solar just announced a new sales contract with Fire Energy Group. Under the contract, Canadian Solar will provide Fire Energy with 60MW of solar PV modules, with shipments expected to start this month. Fire Energy Group will also promote Canadian Solar’s product line in the following countries: Spain, Germany, Italy, the U.S., the Czech Republic, Morocco and China.
In a press release, Shawn Qu, Chairman and CEO of Canadian Solar, commented on the agreement:… Read the rest
EMCORE (EMKR) is winning an increasing number of solar panel contracts to be used in spacecraft and it got another one today. The company announced a $9 – 11 million deal to provide solar panels for ATK Space Systems UltraFlex solar arrays to be used in the Orion spacecraft being developed by Lockheed Martin for NASA. The initial contract is for two vehicles, but could be expanded.
The Orion is expected to be the … Read the rest
According to StreetInsider.com, Jefferies is out with several solar upgrades following the two week plunge.
SunPower (SPWRA) upgraded from Hold to Buy, but price target lowered from $30 to $29. Shares are up 2.5% to $21.75 this morning. Shares are up about 3% in premarket trading.
Suntech (STP) upgraded from Underperform to Hold with a $12 target. Shares are basically flat in premarket trading.
Solarfun (SOLF) upgraded from Underperform to Hold with a $7 … Read the rest
I’m happy to say that all the green stocks tracking pages (links above) now display a real time twitter feed of the stocks that I’m tracking in each section! I just put it up today, so undoubtedly there will be bugs and issues to deal with, such as the occasional spam poster. I’ll be exploring other ways to help keep you up to speed on all the latest and greatest in the world of green … Read the rest
Quantum Fuel Systems (QTWW) is announcing that it is one of 12 companies that has been selected by the LA Dept of Water & Power to be qualified suppliers for materials and services necessary for solar power projects around the city to meet the Renewable Portfolio Standard mandate. This is an initial three year, $455 million effort to meet the goal of 20% renewable energy this year and 35% by 2020 with a goal of … Read the rest
Cree Inc (CREE) is being hit with another downgrade this morning, this time from Brigantine Advisors (first I’ve heard of them) to a Sell rating due to valuation concerns. Hat tip to StreetInsider.com for the following analyst comment:
“Based upon our checks, we believe that demand and pricing for LEDs was very robust in the December quarter, and Cree likely enjoyed strong business trends. Seasonally strong demand from Notebook PCs and LED-backlit televisions appear to … Read the rest
Energy Conversion Devices just announced that it will build a 30MW solar laminate manufacturing facility in France. The company has not settled on a site yet, but is considering locating the facility in Alsace.
In a press release, Mark Morelli, ECD’s president and chief executive officer, explained the decision:
“France is one of the world’s fastest growing and most progressive solar markets. It has expressed its long-term support of alternative energy in the Grenelle … Read the rest
Yingli Green Energy (YGE) just announced that the Chinese government has approved the company’s application to use their manufacturing base in Baoding, China as the site of the country’s first State Key Laboratory of PV Technology. The purpose of the laboratory will be to foster the development of world class solar PV development in China, and Yingli will have dibs on commercialization rights to technologies developed there.
In a press release, Mr. Liansheng Miao, Yingli’s … Read the rest